In an Imbalanced Relationship Between a Stronger Party (A)and a Weaker

question 4

Multiple Choice

In an imbalanced relationship between a stronger party (A) and a weaker party (B) ,the weaker party is LEAST likely to ________.

• A) develop a diversified portfolio
• B) withdraw from the business
• C) suffer from exploitation
• D) bring in a third party
• E) reduce service levels

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Definitions:

Practical Standards

Standards that allow for normal machine downtime and other work interruptions and that can be attained through reasonable, though highly efficient, efforts by the average worker.

Standard Quantity

This term refers to the amount of input (materials, labor, etc.) that should be used in the production of a unit of goods under normal conditions.

Standard Price

A pre-determined cost allocated to a single unit of product or service, used for budgeting and performance evaluation.

Ideal Standards

Standards that assume peak efficiency at all times.